On Semiconductr Financials
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
On Semiconductr has an operating margin of 1.4%, meaning the company retains $1 of operating profit per $100 of revenue. This below-average margin results in a low score of 7/100, suggesting thin profitability after operating expenses. This is down from 25.0% the prior year.
On Semiconductr's revenue declined 100% year-over-year, from $7.1B to $6K. This contraction results in a growth score of 0/100.
On Semiconductr carries a low D/E ratio of 0.39, meaning only $0.39 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 97/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 4.52, On Semiconductr holds $4.52 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
On Semiconductr converts 23.7% of revenue into free cash flow ($1K). This strong cash generation earns a score of 100/100.
On Semiconductr generates a 1.6% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 6/100. This is down from 17.9% the prior year.
On Semiconductr scores 3532830.28, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($28.5B) relative to total liabilities ($5K). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
On Semiconductr passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, On Semiconductr generates $14.54 in operating cash flow ($2K OCF vs $121 net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
On Semiconductr earns $1.2 in operating income for every $1 of interest expense ($84 vs $71). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows On Semiconductr (ON) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
On Semiconductr generated $6K in revenue in fiscal year 2025. This represents a decrease of 100.0% from the prior year.
On Semiconductr's EBITDA was $770 in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 100.0% from the prior year.
On Semiconductr generated $1K in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 100.0% from the prior year.
On Semiconductr reported $121 in net income in fiscal year 2025. This represents a decrease of 100.0% from the prior year.
On Semiconductr earned $0.29 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 92.0% from the prior year.
On Semiconductr held $2K in cash against $3K in long-term debt as of fiscal year 2025.
On Semiconductr had 394M shares outstanding in fiscal year 2025. This represents a decrease of 6.5% from the prior year.
On Semiconductr's gross margin was 33.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 12.3 percentage points from the prior year.
On Semiconductr's operating margin was 1.4% in fiscal year 2025, reflecting core business profitability. This is down 23.6 percentage points from the prior year.
On Semiconductr's net profit margin was 2.0% in fiscal year 2025, showing the share of revenue converted to profit. This is down 20.2 percentage points from the prior year.
On Semiconductr's ROE was 1.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 16.3 percentage points from the prior year.
On Semiconductr invested $584 in research and development in fiscal year 2025. This represents a decrease of 100.0% from the prior year.
On Semiconductr spent $1K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.
On Semiconductr invested $341 in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 100.0% from the prior year.
ON Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.5B-1.3% | $1.6B+5.6% | $1.5B+1.6% | $1.4B-16.1% | $1.7B-2.2% | $1.8B+1.5% | $1.7B-6.8% | $1.9B |
| Cost of Revenue | $979.1M+1.6% | $963.7M+5.1% | $916.8M-20.4% | $1.2B+22.1% | $943.4M-2.0% | $962.5M+1.2% | $951.2M-5.7% | $1.0B |
| Gross Profit | $551.0M-6.2% | $587.2M+6.4% | $551.9M+87.8% | $293.8M-62.3% | $779.1M-2.5% | $799.4M+2.0% | $784.0M-8.2% | $853.6M |
| R&D Expenses | $133.8M-5.7% | $141.9M-1.3% | $143.8M-12.4% | $164.1M+5.7% | $155.2M+2.8% | $151.0M-3.5% | $156.5M+4.3% | $150.0M |
| SG&A Expenses | $86.0M-1.5% | $87.3M-4.3% | $91.2M+8.1% | $84.4M-16.0% | $100.5M+5.2% | $95.5M+12.4% | $85.0M-10.8% | $95.3M |
| Operating Income | $200.1M-24.3% | $264.4M+36.7% | $193.4M+133.7% | -$573.7M-240.4% | $408.6M-8.3% | $445.4M+14.6% | $388.5M-26.0% | $525.2M |
| Interest Expense | $17.3M-2.3% | $17.7M-1.1% | $17.9M-0.6% | $18.0M+17.6% | $15.3M-2.5% | $15.7M0.0% | $15.7M+0.6% | $15.6M |
| Income Tax | $35.3M+99.4% | $17.7M-42.0% | $30.5M+140.2% | -$75.8M-220.9% | $62.7M+20.8% | $51.9M-18.5% | $63.7M-24.6% | $84.5M |
| Net Income | $181.8M-28.7% | $255.0M+49.7% | $170.3M+135.0% | -$486.1M-228.0% | $379.9M-5.4% | $401.7M+18.8% | $338.2M-25.3% | $453.0M |
| EPS (Diluted) | $0.40-36.5% | $0.63+53.7% | $0.41+135.7% | $-1.15-230.7% | $0.88-5.4% | $0.93+19.2% | $0.78-25.0% | $1.04 |
ON Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $12.5B-3.7% | $13.0B-0.9% | $13.1B-1.0% | $13.3B-5.9% | $14.1B+1.2% | $13.9B+1.9% | $13.7B+1.3% | $13.5B |
| Current Assets | $5.8B-8.0% | $6.3B-0.3% | $6.4B+0.4% | $6.3B-6.3% | $6.8B+3.2% | $6.5B+3.5% | $6.3B+2.9% | $6.1B |
| Cash & Equivalents | $2.1B-13.1% | $2.5B-2.1% | $2.5B-8.5% | $2.8B+2.6% | $2.7B+9.0% | $2.5B+10.7% | $2.2B-14.7% | $2.6B |
| Inventory | $2.0B-2.8% | $2.0B-1.9% | $2.1B+0.4% | $2.1B-7.3% | $2.2B0.0% | $2.2B+0.8% | $2.2B+3.6% | $2.1B |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $1.7B+2.3% | $1.6B0.0% | $1.6B0.0% | $1.6B+3.4% | $1.6B0.0% | $1.6B+0.7% | $1.6B0.0% | $1.6B |
| Total Liabilities | $4.8B-5.0% | $5.1B-1.6% | $5.2B-0.8% | $5.2B-1.3% | $5.3B-0.8% | $5.3B+0.4% | $5.3B-0.7% | $5.3B |
| Current Liabilities | $1.3B+6.4% | $1.2B-4.3% | $1.3B-1.1% | $1.3B-4.2% | $1.3B-37.3% | $2.1B+1.5% | $2.1B-1.9% | $2.1B |
| Long-Term Debt | $3.0B-11.1% | $3.4B+0.1% | $3.4B+0.1% | $3.3B+0.1% | $3.3B+31.4% | $2.5B+0.1% | $2.5B+0.1% | $2.5B |
| Total Equity | $7.7B-2.9% | $7.9B-0.4% | $7.9B-1.1% | $8.0B-8.7% | $8.8B+2.5% | $8.6B+2.9% | $8.3B+2.7% | $8.1B |
| Retained Earnings | $8.2B+2.3% | $8.1B+3.3% | $7.8B+2.2% | $7.6B-6.0% | $8.1B+4.9% | $7.7B+5.5% | $7.3B+4.8% | $7.0B |
ON Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $554.5M+32.4% | $418.7M+127.2% | $184.3M-69.4% | $602.3M+3.9% | $579.7M+24.5% | $465.8M+28.6% | $362.2M-27.4% | $498.7M |
| Capital Expenditures | $69.1M+49.2% | $46.3M-40.8% | $78.2M-47.0% | $147.6M-6.2% | $157.3M-2.7% | $161.7M+14.6% | $141.1M-39.7% | $233.9M |
| Free Cash Flow | $485.4M+30.3% | $372.4M+251.0% | $106.1M-76.7% | $454.7M+7.6% | $422.4M+38.9% | $304.1M+37.5% | $221.1M-16.5% | $264.8M |
| Investing Cash Flow | -$50.7M+66.5% | -$151.2M-24.2% | -$121.7M+43.4% | -$214.9M-41.7% | -$151.7M-375.5% | -$31.9M+94.6% | -$590.9M-151.1% | -$235.3M |
| Financing Cash Flow | -$823.9M-155.7% | -$322.2M-7.4% | -$300.1M+5.5% | -$317.6M-56.2% | -$203.3M-3.2% | -$197.0M-29.0% | -$152.7M-16.7% | -$130.8M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $450.2M+38.5% | $325.0M+7.5% | $302.3M+0.7% | $300.1M+47.0% | $204.1M+2.1% | $200.0M+33.3% | $150.0M+50.0% | $100.0M |
ON Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 36.0%-1.9pp | 37.9%+0.3pp | 37.6%+17.3pp | 20.3%-24.9pp | 45.2%-0.1pp | 45.4%+0.2pp | 45.2%-0.7pp | 45.8% |
| Operating Margin | 13.1%-4.0pp | 17.1%+3.9pp | 13.2%+52.8pp | -39.7%-63.4pp | 23.7%-1.6pp | 25.3%+2.9pp | 22.4%-5.8pp | 28.2% |
| Net Margin | 11.9%-4.6pp | 16.4%+4.8pp | 11.6%+45.2pp | -33.6%-55.7pp | 22.1%-0.7pp | 22.8%+3.3pp | 19.5%-4.8pp | 24.3% |
| Return on Equity | 2.4%-0.9pp | 3.2%+1.1pp | 2.1% | N/A | 4.3%-0.4pp | 4.7%+0.6pp | 4.1%-1.5pp | 5.6% |
| Return on Assets | 1.5%-0.5pp | 2.0%+0.7pp | 1.3%+5.0pp | -3.7%-6.4pp | 2.7%-0.2pp | 2.9%+0.4pp | 2.5%-0.9pp | 3.4% |
| Current Ratio | 4.52-0.7 | 5.23+0.2 | 5.02+0.1 | 4.95-0.1 | 5.06+2.0 | 3.07+0.1 | 3.01+0.1 | 2.87 |
| Debt-to-Equity | 0.39-0.0 | 0.420.0 | 0.420.0 | 0.42+0.0 | 0.38+0.1 | 0.300.0 | 0.310.0 | 0.31 |
| FCF Margin | 31.7%+7.7pp | 24.0%+16.8pp | 7.2%-24.2pp | 31.4%+6.9pp | 24.5%+7.3pp | 17.3%+4.5pp | 12.7%-1.5pp | 14.2% |
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Frequently Asked Questions
What is On Semiconductr's annual revenue?
On Semiconductr (ON) reported $6K in total revenue for fiscal year 2025. This represents a -100.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is On Semiconductr's revenue growing?
On Semiconductr (ON) revenue declined by 100% year-over-year, from $7.1B to $6K in fiscal year 2025.
Is On Semiconductr profitable?
Yes, On Semiconductr (ON) reported a net income of $121 in fiscal year 2025, with a net profit margin of 2.0%.
What is On Semiconductr's earnings per share (EPS)?
On Semiconductr (ON) reported diluted earnings per share of $0.29 for fiscal year 2025. This represents a -92.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is On Semiconductr's EBITDA?
On Semiconductr (ON) had EBITDA of $770 in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does On Semiconductr have?
As of fiscal year 2025, On Semiconductr (ON) had $2K in cash and equivalents against $3K in long-term debt.
What is On Semiconductr's gross margin?
On Semiconductr (ON) had a gross margin of 33.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is On Semiconductr's operating margin?
On Semiconductr (ON) had an operating margin of 1.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is On Semiconductr's net profit margin?
On Semiconductr (ON) had a net profit margin of 2.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is On Semiconductr's return on equity (ROE)?
On Semiconductr (ON) has a return on equity of 1.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is On Semiconductr's free cash flow?
On Semiconductr (ON) generated $1K in free cash flow during fiscal year 2025. This represents a -100.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is On Semiconductr's operating cash flow?
On Semiconductr (ON) generated $2K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are On Semiconductr's total assets?
On Semiconductr (ON) had $13K in total assets as of fiscal year 2025, including both current and long-term assets.
What are On Semiconductr's capital expenditures?
On Semiconductr (ON) invested $341 in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does On Semiconductr spend on research and development?
On Semiconductr (ON) invested $584 in research and development during fiscal year 2025.
Does On Semiconductr buy back shares?
Yes, On Semiconductr (ON) spent $1K on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does On Semiconductr have outstanding?
On Semiconductr (ON) had 394M shares outstanding as of fiscal year 2025.
What is On Semiconductr's current ratio?
On Semiconductr (ON) had a current ratio of 4.52 as of fiscal year 2025, which is generally considered healthy.
What is On Semiconductr's debt-to-equity ratio?
On Semiconductr (ON) had a debt-to-equity ratio of 0.39 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is On Semiconductr's return on assets (ROA)?
On Semiconductr (ON) had a return on assets of 1.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is On Semiconductr's Altman Z-Score?
On Semiconductr (ON) has an Altman Z-Score of 3532830.28, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is On Semiconductr's Piotroski F-Score?
On Semiconductr (ON) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are On Semiconductr's earnings high quality?
On Semiconductr (ON) has an earnings quality ratio of 14.54x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can On Semiconductr cover its interest payments?
On Semiconductr (ON) has an interest coverage ratio of 1.2x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is On Semiconductr?
On Semiconductr (ON) scores 52 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.